Short Interest in Denali Capital Acquisition Corp. (NASDAQ:DECA) Expands By 81.3%

Denali Capital Acquisition Corp. (NASDAQ:DECA) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,800 shares, a growth of 81.3% from the October 15th total of 3,200 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 4.5 days.

Denali Capital Acquisition Stock Up 0.1 %

Shares of DECA traded up $0.01 during midday trading on Wednesday, hitting $11.65. 3,304 shares of the company traded hands, compared to its average volume of 28,000. The firm has a 50 day moving average of $11.53 and a 200-day moving average of $10.18. Denali Capital Acquisition has a 52 week low of $4.05 and a 52 week high of $14.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Denali Capital Acquisition stock. Clear Street LLC bought a new stake in shares of Denali Capital Acquisition Corp. (NASDAQ:DECA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,264 shares of the company’s stock, valued at approximately $182,000.

Denali Capital Acquisition Company Profile

Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.